International Court of Arbitration
Korolaya is pleased to announce the opening of the International Court of Arbitration (ICA), a forum for national, international, private, and public organizations to seek redress for grievances of all sorts - in the highest traditions of the Korolayan justice system.
In additionon, the ICA offers numerous other legal services, such as patent registration and offshore incorporation.
International Arbitration
A fully supervised, self-regulated private international legal organization, ICA arbitrators offer judgments in matters where the avoidance of expensive, public, and potentially complex international litigation is paramount. ICA offers binding judgments and non-binding opinions to parties with their full consent, as well as process service, legal opinions, and the services of litigators trained in all manner of national and international law.
Grounds for filing a legal complaint with the ICA include, but are not limited to:
• Breach of Contract
• Fraud
• Wrongful Death
• Patent Infringement
• Wrongful enslavement
• Past genocide
• Abuse of office
• Harassment
To bring a matter before the ICA, a complaint must be submitted here, stating the nature of the claim, naming all parties involved, and the amount of judgment sought. Any evidence, in the form of attached exhibits, should also be included in the complaint.
Plaintiffs must also specify whether a binding judgment or non-binding legal opinion is sought.
The opposing parties will be notified by ICA process servers, and invited to file an answer to the complaint, which may include a counterclaim. Answers not received within one week of the initial filing will not be considered - although this does will not result in immediate judgment in favor of the plaintiff.
ICA arbitrators will consider the merits of the case and issue an opinion, which may include a monetary judgment in favor of one of the parties.
A filing fee of KB 1,000,000 must be enclosed with each document submitted, including complaints, answers, and all legal briefs.
For your convenience, the ICA offers the services of celebrity attorney Gerald Gundry Esq., who is available to draft required complaints and answers and to appear in any hearings related to ICA cases. Mr. Gundry is known for his television appearances on such programs as Celebrity Litigator, Judge Joe Dredd, and Sharia Court. Mr. Gundry's standard professional fees are KB 10,000 per hour.
A database of active cases and past judgments is maintained for your convenience by the ICA
Patent Registration
To protect international intellectual property, the ICA is pleased to maintain a database of registered patents. To register a patent, registrant must file a description of the patented object, item, or concept, including explanation of novel systems or uses, and any images, where applicable. Patent applications that are accepted will be registered in the ICA database for public perusal.
Patent infringement is a serious matter. Parties that feel that their intellectual property has been infringed are invited to file complaints with ICA arbiters and seek redress for infringement.
Filing fees totalling 2.5% of the registered sale price of the patented invention in question will be assessed, and must be submitted before patent registration is completed.
Offshore Incorporation
In this era of ever-expanding scrutiny of corporate entities by national and international bodies, the benefits of an offshore business corporation cannot be understated. Korolaya, through the ICA, offers the services of trained attorneys and registered agents who can guide you through the process of registering an International Business Corporation (IBC), domiciled in Korolaya, for the purposes of conducting business anywhere in the world.
Registrants are not required to disclose ultimate beneficial owners, shareholders, or directors of filing corporations. A database of IBC's is maintained by the ICA for public perusal, but will not include these sensitive details.
IBC's fall under the legal jurisdiction of the ICA, but can choose the legal system under which they will be governed (i.e., the laws of the Sultanate of Korolaya, etc.).
Filing parties must submit an application for incorporation as an IBC, addressed to the ICA Division of Corporations, and enclosing a filing fee of KB 250,000.
Applications must include the name of the entity to be registered, the name of the registrant (which may be a registered agent), and the nature of the entity's business activities.
IBC's are prohibited from conducting business within the territory of the Sultanate of Korolaya.
Special Partnerships
The ICA is pleased to announce the recent conclusion of a partnership agreement with VMK AG.
For details on forming a partnership agreement with the ICA, please write to enquiries@ICA.kl, ATTN Alfred Kaisepo.